Company Overview of Lotte Co., Ltd.
Lotte Co., Ltd. produces and sells sweets, ice creams, confectionery products, dairy products, and frozen foods. Its products include chewing gums, cookies, candies, biscuits, doughnuts, chocolates, and other gift sweets. The company also sells Western sweets, beverages, smoking goods, sundries, etc.; operates golf courses; and provides hotel management services. In addition, it owns and operates a fast food restaurant chain and coffee shops, as well as a baseball team; develops and sells health foods and miscellaneous health products; sells packaging materials and promotional materials; and publishes Shall we Lotte, a public relations magazine. Further, the company engages in real estate re...
20-1, Nishi-shinjuku 3-chome
Founded in 1948
Key Executives for Lotte Co., Ltd.
Chairman and Chief Executive Officer
President and Representative Director
Compensation as of Fiscal Year 2015.
Lotte Co., Ltd. Key Developments
Hotel Lotte Kicks Off Efforts To Go Public
Aug 20 15
Lotte Co., Ltd. has kicked off efforts to make Hotel LOTTE Co,.ltd. a public company. Lotte Group said on August 19, 2015 that it will send out an RFP to about 10 domestic and foreign securities companies to competitively select its IPO advisers. Hotel Lotte will short-list qualified bidders by the end of August 2015. Final advisers will be selected early September 2015 based on the review of their presentations. An official at Hotel Lotte said after the selection of advisers, a board meeting and a shareholder’s meeting will be held to discuss changing the company’s constitution to prepare for the IPO.
Lotte To Buy Indonesian mall
Jun 16 15
Lotte Co., Ltd. plans to acquire several multimillion-dollar shopping complexes in Indonesia to expand its presence in the country, Korean media outlets reported Tuesday. Lotte Group spokesperson declined to provide further details of the deal or confirm the acquisition, saying "nothing has been decided yet." The 48,000-square-meter complex comprises a seven-floor high-end shopping mall, an office tower, an apartment tower and a five-star hotel operated by Sofitel. The move is in line with the group Chairman Shin Dong-bin's aggressive investment strategy to inject $6.7 billion in the retail, tourism and construction sectors this year, up 31.5% than 2014 budget.
Lotte Group Reportedly Mulls Acquisition Of A Mega Complex Shopping Mall
Feb 24 15
Lotte Co., Ltd.is seeking to acquire a mega complex shopping mall located in Moscow, Russia. According to sources from local investment banks on February 24, 2015,” Lotte is pushing for its acquisition of the complex shopping mall ¡®Atrium, adjacent to Kurskaya station in northeastern Moscow.” The acquisition price is still under negotiations. A Lotte Group official noted, “We are weighing the acquisition of the shopping mall, but it is in an early stage. However, high-ranking officials at Lotte Group were confirmed to have visited major global distribution channels including those in Moscow in Russia a month ago.”
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